A few months ago, JPMorgan Chase revealed plans to open its first three retail branches in Greater Boston. It will be the first banking giant to start up retail operations locally since Citigroup did so a decade ago.
Citi’s (NYSE: C) foray into Boston didn’t last long. The bank opened 31 branches in the region in 2007 and 2008, but within five years it had closed nine of them. By 2015, it decided to pull the plug on its retail branches in Boston altogether. Just before it closed them, Citi had…
